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1️⃣ Visit the Test Site: https://docs.footballoasis.tech/testnet-event-end-random 2️⃣ Connect Your Wallet 3️⃣ Ensure You're on the Correct Network 4️⃣ Get Base Sepolia ETH 5️⃣ Mint Pass 6️⃣ Share your referral address in Discord
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AMA Link: https://www.binance.com/en/live/video?roomId=2200269
If $ETH keeps holding steady in this range, we might just see it kick off sooner than anyone anticipated.
With the recent approval of the Ethereum ETF, there's a sense of anticipation for a potential altcoin season. However, given the listing process's intricacies, the full impact may take months to unfold.
One can't help but reassess the significance of retail confidence, which historically returns as altcoins gain momentum, especially when Ethereum exhibits strength.
Moreover, beyond market dynamics, regulatory developments have played a pivotal role in shaping positive sentiment.
The bipartisan support for the Fit21 bill and the acknowledgment of crypto donations by Trump have contributed to an optimistic market outlook.
Additionally, the potential classification of Ethereum as a commodity signifies another favourable regulatory shift.
Looking ahead, the altcoin season might undergo a consolidation phase before gaining momentum. Following the ETH ETF, several other altcoins are poised to follow suit, including Solana, among others.
The market seems bullish on embracing ETFs like never before, hinting at a promising future outlook.
GM! Let's analyze a few sectors and their market characteristics:
In May, the best-performing sector in the cryptocurrency market has been the meme coin sector, with $PEPE and $PEOPLE tokens leading the pack. There were previous hints about their potential, so it's important to pay attention. Currently, they are all profitable. Various meme tokens have seen significant growth, starting from when they were mentioned in VIP groups to now, with at least a threefold increase and Pepe even reaching a four to fivefold increase, breaking new highs this round. Pepe saw a 200% increase this month, while People surged by 360%.
Next, I believe the #RWA sector is noteworthy. Ondo, a leading stock, doubled. ENS in the Ethereum ecosystem also saw a twofold increase. In the #Solana ecosystem, JTO surged by up to 80%, but then Ethereum drained liquidity, causing it to fall back. LPT in the #AI sector doubled. However, some old favorites disappoint, like WLD, which has been on a downward trend due to unlocking, and YGG, which has been stagnant until today, breaking above the box. The star tokens, Doge and Shib, also disappointingly remain stagnant.
After observation and analysis, we can see that meme coin speculation follows these patterns:
1️⃣ It focuses on new projects rather than old ones. 2️⃣ It targets coins with low circulation and low market cap, as coins with high market cap and low circulation have too many chips held by project parties and investors, making it unattractive for newcomers. 3️⃣ The market liquidity is still limited, with ETFs only buying Bitcoin. Meme coins still rely on existing funds. This means not all coins will see a surge, only a select few. This structured market trend will continue until the interest rate drops, which is crucial to note.
How I will Play the #Ethereum #ETF Play and what Coins I will be watching...
With the $ETH ETF likely to be approved, sentiment has swiftly shifted towards accumulating #ETH Beta plays.
For those unfamiliar, ETH Beta measures how much Ethereum's price moves relative to the overall market or a specific benchmark.
Back in January, we witnessed a similar shift to BTC Beta following the ETF approval.
$BTC surged to $49K after the ETF announcement but quickly retraced since spot bids were absent. It was a sell the news event as expected but still bullish in the long term.
I expect a similar price action for ETH following the approval.
Beta Plays to watch out for -
$PENDLE has to be one of the strongest tokens for this narrative. The price corrected recently because of the $EIGEN airdrop but it has shown a lot of strength following the ETH ETF news.
$PEPE is another obvious play for the $ETH Beta. PEPE held the structure when BTC didn’t and now it’s at another ATH. Chart shows a beautiful uptrend & indicates that insiders frontran it as the best bet for the ETF approval. Taking some profits and letting the rest run.
$ENS was one of the few coins that did not retrace in the entire move following the BTC ETF approval. I’m betting on this purely for the fact that Vitalik has been shilling it all year long.
$ENA is another token to watch. It does exceptionally well in bullish conditions, and is backed by a strong team. Bullish on the fact that there are no investor unlocks for a while & can be adopted by exchanges.
$ARB had been underperforming for a while but is back on track following the announcement. Still avoiding it personally.
$LDO could see a pump depending on the approval of staking in the ETF.
Beta Plays that might disappoint -
$REZ hasn’t really shown any strength following its launch. It’s already 30% down from its listing on binance last month.
$REZ, $XAI and $ETHFI have bad tokenomics and limited utility - I believe all they get is a complacency bounce before lower.
- #BITCOIN Altlayer + EigenDA - AUCTION M&A $MBA - $FLOKI Token burn - $FLOW Crescendo Upgrade - $SAGA Vault two snapshot - $BVM V2 Mainnet - $ZIG New Utilities - $VENOM x KuCoin Ventures - $ASTR + Sony Labs
• DriftFDN Launch Airdrop claims will go live on May 16 at 12pm UTC.
• Roaring Kitty, of Gamestop fame, is back on the timeline after 3 years. His return has driven Memecoin's rise.
• #BITCOIN - HarryPotterObamaSonic10Inu announced a partnership with AltLayer and EigenDA.
• #AUCTION - Bounce has unveiled $MBA - the first synthetic token merging $MUBI, $BSSB, and $AMMX.
• $ASTR - Astar CEO Sota Watanabe announced officially joined Sony Labs as a director.
• $BVM - BVM's punk3700 has teased that the release of BVM v2 next month.
• $CREO - Creo Engine announced an upcoming update on $CREO's deflationary mechanism, very soon.
• $FLOKI - Floki proposed to burn 15,246,000,000 $FLOKI tokens.
• $FLOW - Flow has announceed the Crescendo network upgrade, introducing EVM Equivalence and Cadence 1.0. The first phase of the upgrade is set to begin on May 22.
• $SAGA - Saga announced that the Vault Two snapshot will be taken within the next 30 days.
• $VENOM - Venom Foundation announces strategic partnership with KuCoin Ventures.
• $ZIG - Zignaly has revealed new utilities. $ZIG becomes the currency for paying Gas on ZIGChain.
If you want to risk it anyway and buy the Bottom, shift to higher Beta coins if you have the stomach for it.
#Crypto is a momentum-based asset class. If you're trying to long dino coins because they look "bottomed out", pivot to AI.
Top performing categories for the past week (which includes the BTC 56k dump) clearly show which sector has the momentum (for both technical and fundamental reasons)
Influencers on CT will force the Ethereum and ETH beta narrative on you, but remember
Coin that holds up during Bitcoin Dump, continues to go up
Coin that goes down hard during the Dump, continues to go down.
If there is a time to pivot, the charts will tell us.
Many will make millions out of thin air in the next couple of months.
But most of them will end this cycle with $0.
Don't let your profit just be a green PnL on the screen; always cash out a portion of ur profit and save it for a rainy day.
From last bull run I learned one main thing: the winner of the bull run isn't the one with the highest X's at the peak, but the one who managed to realize the most profit.
Many in the bull run euphoria forget that the market is cyclical, and the bear will eventually come.
Alts will plummet -90%+ from their all-time highs, there will be no presales, no memecoins, only scorched earth.
Those who survived the bear market know this.
I'm not saying the bear market is around the corner, no, I think we still have another six months to a year of the bull run, and this isn't anywhere near the peak, but if you've already made/will make money - just remember, there will come a time when the market will reverse so sharply that everyone will be dead. And you must be prepared.
So don't treat your profit as a casino win; be grateful for your work, and remember how much you would have earned this money in the normies world.